Texhoma Energy, Inc.
PINK SHEETS : TXHE

Texhoma Energy, Inc.

December 08, 2006 08:30 ET

Texhoma Energy, Inc.: Buck Snag's Second Well Has Three Productive Zones

HOUSTON, TEXAS--(CCNMatthews - Dec. 8, 2006) - Texhoma Energy, Inc. ("Texhoma") (PINK SHEETS:TXHE) is pleased to announce that the operator, Sunray Operating Company LLC ("Sunray"), has completed drilling of the Schiurring No. 2 well at the Buck Snag prospect in Colorado County, Texas. The well reached a total depth of 4,406 feet and logged apparent gas pays in three reservoirs. Casing has been set and cemented and the completion of the well as a dual-zone gas producer will commence the week of December 11, 2006.

The so called "3,800 ft-sand" appears productive from 3,812 ft to 3,827 ft. A formation test recovered 37 cubic feet of gas and cores further confirmed the presence of gas.

The "3,500 ft-sand" appears productive from 3,525 ft to 3,530 ft. The formation test at 3526 ft recovered 21 cu ft of gas and core samples at this depth further confirmed the presence of gas.

The "2,000 ft-sand" appears productive from 2,035 ft to 2,040 ft and does not appear to be associated with free water despite the recovery of some water on a formation test at 2,035 ft which recovered 11 cubic feet of gas.

Texhoma has a 12.5% back-in right into the well after payout which can be anticipated as early as six months from commencement of production.

Safe Harbor Statement: "This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein." The Company takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not sanctioned by the Company.


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